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What is small business loan?

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What is small business loan?

A small business loan is a specialised financial solution tailored to meet the needs of small or medium scale businesses. Some of the best features about small business loans include easy to meet eligibility criteria and minimal documentation, which make the loan application process quick and hassle-free. This credit facility also comes with the quick approval feature to help small businesses fulfil their urgent working capital needs, such as purchasing raw materials, paying staff salaries, or upgrading equipment.

Meet our simple eligibility criteria, which include a minimum business continuity of 3 years and a CIBIL score of 685 or higher, among others, to avail of an unsecured business loan from Bajaj Finserv at affordable rates. With our easy online application process, you can get approval on your loan application in just 24 hours* and secure collateral-free financing of up to Rs.45 lakh. This loan also comes with additional benefits, such as the Flexi facility, under which you can withdraw flexibly from the sanctioned loan limit and pay interest only on the amount utilised.

Click here to apply for a Bajaj Finserv Business loan and benefit from a range of features including flexible repayment tenors and attractive interest rates.

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